HomeMy WebLinkAbout11348RESOLUTION NO. 11348
A RESOLUTION AUTHORIZING THE TRANSFER OF $150,000.00 FROM THE 1992 -2011
SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND FOR THE REPAIR OF THE
BUILDING LOCATED ON LOT 67, PUEBLO MEMORIAL AIRPORT SUBDIVISION FOR THE
PURPOSE OF MAKING SUCH BUILDING AVAILABLE FOR A JOB CREATING CAPITAL
IMPROVEMENT PROJECT
WHEREAS, the building located on Lot 67, Pueblo Memorial Airport Industrial Park
( "Building ") is owned by the City of Pueblo, and;
WHEREAS, the Building was constructed in the early to mid- 1980's and since that time has
undergone substantial differential settlement, and;
WHEREAS, it is prudent to repair the Building to restore its structural integrity and
functionality, thereby allowing the Building to be available for a job creating capital improvement
project, NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1 _
An Engineer's estimate in the approximate amount of $125,000 has been prepared for the cost of
the repair work to the Building ( "Project "). A 20% contingency amount is recommended for the
Project due to the uncertainty of the extent of the damages, for a total Project amount of
$150,000.00.
SECTION 2.
$150,000 is hereby transferred from the 1992 -2011 Sales and Use Tax Capital Improvement Fund
to the Capital Improvement Fund for the Project.
SECTION 3.
The Public Works Department will be soliciting competitive bids from local contractors to perform
the repair work. A resolution to award a construction contract will then be presented to the Council
for approval.
SECTION 4.
This Resolution shall become effective upon final passage and approval.
BY Randy Thurston
Councilperson
AP PROVE
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ATTEST ED BY: Cff. � y
PPI`81f I T' i I
INTRODUCED July 28. 2008
Res, 11347
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM #
DATE: JULY 28,2008
DEPARTMENT: PUBLIC WORKS
DIRECTOR— DANIEL E. CENTA, P.E.
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $150,000 FROM THE 1992-
2011 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND FOR THE
REPAIR OF THE BUILDING LOCATED ON LOT 67, PUEBLO MEMORIAL AIRPORT
SUBDIVISION FOR THE PURPOSE OF MAKING SUCH BUILDING AVAILABLE FOR
A JOB CREATING CAPITAL IMPROVEMENT PROJECT
ISSUE
Should City Council authorize the transfer of $150,000.00 from the'/ cent sales tax fund into
the Capital Improvement Fund for the purpose of establishing a project to repair the building
located on Lot 67, Pueblo Memorial Airport Industrial Park for the purpose of making the
building available for a job creating capital improvement project.
RECOMMENDATION
Approval of this Resolution
BACKGROUND
The transfer of the funds will allow for the creation of a project that will provide for the repairs
and associated work to restore the structural integrity of the building and to rehabilitate the
interior finish in the area of settlement.
FINANCIAL IMPACT
Funds for said project will come from the 1992 — 2011 Sales and Use Tax Capital Improvement
Projects Fund. Any unused monies will be returned to said fund.